CMS
ActiveCMS has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €128k and a net result of €-10k. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 71% of 11165 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
65
/ 100
Healthy▼ -21 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-21
Solvency84▼-16
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.29 against 2.61 in 2024), and 32% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
29 d late
2023
41 d late
2022
23 d late
2021
8 d late
2020
118 d late
2019
27 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€128k▼ 34.8%
2024 · €196k
2018: €104k
2019: €120k
2020: €113k
2021: €127k
2022: €154k
2023: €188k
2024: €196k
2018 → 2025
Total assets
€188k▼ 19.7%
2024 · €234k
2018: €133k
2019: €141k
2020: €173k
2021: €213k
2022: €237k
2023: €233k
2024: €234k
2018 → 2025
Net result
€-10k
2024 · €8k
2018: €-26k
2019: €17k
2020: €-8k
2021: €15k
2022: €27k
2023: €34k
2024: €8k
2018 → 2025
Working capital
€18k▼ 71.1%
2024 · €61k
2018: €12k
2019: €44k
2020: €24k
2021: €36k
2022: €67k
2023: €73k
2024: €61k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€127k-€154k▲ 21.0%€188k▲ 22.0%€196k▲ 4.4%€128k▼ 34.8%
Operating result€21k-€42k▲ 102%€53k▲ 26.5%€17k▼ 67.8%€-9k
Net result€15k-€27k▲ 83.2%€34k▲ 26.7%€8k▼ 75.7%€-10k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €9k after €17k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €188k
Fixed assets
€110k▼ 18.3%
Current assets
€78k▼ 21.7%
Equity and liabilities €188k
Equity
€128k▼ 34.8%
Debt
€60k▲ 57.8%
The debt ratio rises from 16.3% to 32.0%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€18k▼
2024 · €46k
Cash flow
€17k▼
2024 · €37k
Solvency
68.0%▼
2024 · 83.7%
Current ratio
1.29▼
2024 · 2.61
Quick ratio
1.29▼
2024 · 2.61
Debt / equity
0.47▲
2024 · 0.19
ROE
-8.0%▼
2024 · 4.2%
ROA
-5.4%▼
2024 · 3.5%
Interest coverage
12.78▼
2024 · 15.82
Debt
€60k▲
2024 · €38k
Debt ≤ 1 year
€60k▲
2024 · €38k
Income taxes
€132▼
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€234k€188k▼
Fixed assets21/28€135k€110k▼
Tangible fixed assets22/27€135k€110k▼
Plant, machinery and equipment23€26k€20k▼
Furniture and vehicles24€13k€9k▼
Other tangible fixed assets26€96k€81k▼
Current assets29/58€100k€78k▼
Amounts receivable within one year40/41€14k€13k▼
Trade receivables40€13k€10k▼
Other amounts receivable41€1k€3k▲
Cash at bank and in hand54/58€86k€65k▼
Deferred charges and accrued income490/1-€179
Equity and liabilities
Total equity and liabilities10/49€234k€188k▼
Equity10/15€196k€128k▼
Contributions10/11€12k€12k=
Reserves13€129k€71k▼
Distributable reserves133€129k€71k▼
Profit (loss) carried forward14€55k€45k▼
Amounts payable17/49€38k€60k▲
Amounts payable within one year42/48€38k€60k▲
Current portion of amounts payable after more than one year42€891-
Trade debts44€8k€3k▼
Suppliers440/4€8k€3k▼
Taxes, remuneration and social security45€3k€909▼
Taxes450/3€3k€909▼
Other amounts payable47/48€26k€56k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€27k▼
Other operating charges640/8€2k€698▼
Gross operating margin9900€48k€19k▼
Operating profit (loss)9901€17k€-9k▼
Financial income75/76B€339€587▲
Recurring financial income75€339€587▲
Financial charges65/66B€3k€1k▼
Recurring financial charges65€3k€1k▼
Profit (loss) for the period before taxes9903€15k€-10k▼
Income taxes67/77€6k€132▼
Profit (loss) for the period9904€8k€-10k▼
Profit (loss) for the period to be appropriated9905€8k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€63k€45k▼
Profit (loss) brought forward from the previous period14P€55k€55k=
Transfer from equity791/2-€58k
Transfer to equity691/2€8k-
To other reserves6921€8k-
Profit to be distributed694/7-€58k
Return on contributions (dividend)694-€58k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
10-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 41 days late
2023
31-12
Financial
Highest result since 2018net €34k ▲26.7%
Operating result €53k, net result €34k, both a record.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-12
Financial
Equity above €150kEq €154k ▲21%
2 profitable years in a row build equity to €154k.
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 118 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 3.13
Current ratio from 1.42 to 3.13; short-term debt falls from €29k to €21k.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2023
Hilde Robberechts
CurrentDirector · since 18-12-2023
18-12-2023
Appointed as Director
Location & real-estate footprint
Registered office, Huldenberg · 1 establishment unit since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Nijvelsebaan 1093040 HuldenbergGround area
2,569 m²
Building footprint
779 m²
Volume, LiDAR
3,467 m³
2 parcels, Flanders · tallest building 16.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
RENOBESTOS
since 20042.143.935.372
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24086C0012/00X000 | Flanders | 1,983 m² | 1 · 192 m² | 10.8 m · 3 fl. |
| 24064B0098/00F000 | Flanders | 587 m² | 1 · 587 m² | 16.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
TPMW
BE 0729.979.735
Courcelles · Eq €128k
BAVARIAN
BE 0896.777.569
Nivelles · Eq €128k
BL-TOP CARS
BE 0785.582.016
Herstal · Eq €128k
LITTERA
BE 0448.840.576
Knokke-Heist · Eq €127k
POPPE
BE 0461.032.387
Waasmunster · Eq €127k
Of 4,406 companies in sector 46180 we hold annual accounts for 1,875. 1,403 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-10-2004
Fiscal year end31-12
Activities, NACEBEL
46180Agents specialised in the wholesale of other particular products
51180
47552Retail sale of lighting equipment
47592Retail trade
52442
70200Business and other management consultancy
70220Business consulting
71112Activities of interior architects
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.